Tuesday 21 May 2013

Franchises' troubled history



* Deccan Chargers - Terminated on September 14, 2012 due to financial problems as the owners were unable to service their debt obligations to lenders, eventually leading to its sale and melt.
*Pune Warriors - Sahara India Owners had cut its ties with the BCCI on February 4, 2012, withdrawing sponsorship from the Indian team and ownership of the franchise. Though, the two patched up later, ending the dispute by issuing a joint statement.
*Kochi Tuskers Kerala - Terminated on September 19, 2011 for breaching the terms of agreement - their inability to furnish a new bank guarantee for 2011.

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